Conservative Policies Produce Rapid Economic Growth

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For eight years, progressive-left politicians have told us that the ‘new normal’ for economic growth would be limited to the 2% range. And for years, our Center and other free-market advocates argued that major tax and regulatory reductions would reverse this course and lead to rapid economic growth, meaning more money and prosperity for families. After this week’s 4.1% GDP growth report, there can no longer be any doubt that we were right. Over the past 18 months, the optimism and growth resulting from the implementation of pro-business and conservative policies at the federal level stand in stark contrast to the stagnation we experienced from progressive policies.

The results are clear: unemployment rates among virtually all demographic groups are at or near all time lows, personal incomes are rising, and manufacturing jobs that the left told us were extinct are roaring back by the hundreds of thousands. However, Rhode Island is still held back by the status quo big government thinking. We remain trapped at 47th place on our Center’s Jobs & Opportunity Index. We can amplify the positive national results in Rhode Island if we adopt similar free market policies. Click the link here now to find out more.



  • Mike678

    But but but (insert emotion-based, fact-free troll denial here). :)

  • Sanford Schram

    And more inequality

    • Mike678

      How so? Am curious how more jobs and greater faith in the economy drives “more inequality.”

      • Sanford Schram

        You need to read Piketty. And then try Stiglitz. But Piketty for sure. It is baked into capitalism R>G is the first law of the system, going back several hundred years. When you read the book you see in copious detail, growth produces inequality. Such is the nature of capitalism. That’s why Scandinavia was created!

        • Mike678

          Capital in the 20th Century was ok, but had flaws. But you didn’t answer the question. How does more people working and earning a living increase inequality?

          • Sanford Schram

            They don’t earn enough relative to what investors get in return in a growing economy.

          • Mike678

            So, better no job and public assistance?

  • Monique Chartier

    Wow, 4.1% growth. There could not be more convincing evidence about the great effects of fewer taxes and regs on the economy – and on people’s bottom line.

    • Sanford Schram

      Obama had higher quarterly growth five times. Where were you then?

      • Mike Stenhouse

        Nice try. It’s a big picture thing … the big GDP number was just another positive sign in a long string of positive signs:

        Never did one of Obama’s few decent GDP quarters also combine with record low unemployment, record high labor participation rates, increasing personal incomes, rapidly increasing # of manufacturing jobs, AND high consumer and business optimism.

        Also, in the early years of Obama, we had no place to move but up, coming (slowly) out of rock-bottom numbers following a recession. Trump has achieved his numbers after the Obama recovery and after we were told Obama’s post 2014 2% standard would be the new normal.

  • Sanford Schram

    Labor force participation is declining while the GDP grows and inequality is growing according to the latest data. Read Piketty to find out why.

  • Mike Stenhouse

    See above reply.

  • Sanford Schram

    Inequality is growing. After Trump comes down off his soybean high when the Chinese tariffs kick in. This one quarter wonder will have more egg on his face.

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